POSCO Holdings Inc ADR (PKX) Stock Could Soon Reward Patient Investors

POSCO Holdings Inc ADR (NYSE: PKX) is -52.26% lower on its value in year-to-date trading and has touched a low of $46.04 and a high of $96.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PKX stock was last observed hovering at around $46.63 in the last trading session, with the day’s loss setting it -1.22%.

Currently trading at $45.41, the stock is -11.57% and -22.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -2.62% at the moment leaves the stock -32.69% off its SMA200. PKX registered -47.39% loss for a year compared to 6-month loss of -33.45%. The firm has a 50-day simple moving average (SMA 50) of $59.4772 and a 200-day simple moving average (SMA200) of $67.6496.

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The stock witnessed a -23.83% gain in the last 1 month and extending the period to 3 months gives it a -25.76%, and is -9.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 1.46% over the month.

POSCO Holdings Inc ADR (PKX) has around 530 employees, a market worth around $13.74B and $54.71B in sales. Current P/E ratio is 16.61 and Fwd P/E is 9.02. Profit margin for the company is 1.77%. Distance from 52-week low is -1.37% and -53.18% from its 52-week high. The company has generated returns on investments over the last 12 months (1.81%).

The EPS is expected to grow by 7.88% this year.

POSCO Holdings Inc ADR (PKX) Top Institutional Holders

The shares outstanding are 302.48M, and float is at 302.48M with Short Float at 0.34%.

The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 1.19 million shares valued at $78.53 million. The investor’s holdings represent 1.4125% of the PKX Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 0.77 million shares valued at $50.57 million to account for 0.9097 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.73 million shares representing 0.8631% and valued at over $47.98 million, while MORGAN STANLEY holds 0.7593 of the shares totaling 0.64 million with a market value of $42.22 million.